The COVID-19 infection risk has impacted all parts of society, from young children in kindergarten to elders in nursing homes. The pandemic’s very real risk means that many employees have to work remotely, too, often from home and often on their personal laptops or desktop computers, which sometimes are imperfectly protected from online threats. And… Read More >>
Deloitte Japan Pays $2M to Settle Auditing Charges
The SEC reports that Deloitte Touche Tohmatsu LLC, aka Deloitte Japan, will be censured and pay $2 million to settle charges that it issued audit reports for an audit client while several employees “maintained bank accounts with the client’s subsidiary,” in violation of SEC audit independence rules. Deloitte Japan is a member firm of Deloitte… Read More >>
Synchronized Global Regulation Is Waning: Deloitte
A “new era of global regulatory divergence” is developing, following years of “intense scrutiny by regulators around the globe.” That intense scrutiny, which lasted approximately a decade, included “synchronization” of financial standards and rules put in place across the European Union and elsewhere in the aftermath of the financial tremors and structural shocks that shook… Read More >>
RIA to Use Fiserv’s Portfolio Accounting & Trading System
Capital Wealth Planning to Deploy Fiserv Platform Capital Wealth Planning, a registered investment advisor (RIA), will be deploying the Unified Wealth Platform from Fiserv for portfolio accounting and trading in order to supports its growth path. The firm, based in Naples, Fla., chose the Fiserv to help it “achieve greater productivity and efficiency in our… Read More >>
Ops Staffs to Heed the Call of Disruption in 2017
(The word “disruption” has been noted by pundits as one of the most over-used in 2016. However, the term still accurately describes the changes underway in securities operations — and across financial services — that shook multiple groups, disciplines and conventional wisdom. To appease linguists and help operations staffs, FTF News in this final installment… Read More >>
CFTC Gives Compliance Officers More Time to File Annual Reports
Chief compliance officers at futures commission merchants (FCMs), swap dealers, and major swap participants may have more time to file annual reports because of amendments that the CFTC is proposing for a key regulation. CFTC officials announced on August 9 that it will be publishing in the Federal Register proposed amendments to CFTC regulation 3.3… Read More >>
Have a Great Thanksgiving and Enjoy Our SMAC Chats
Financial Technologies Forum (FTF) and its news division FTF News will be closed Thursday and Friday, so that we can take a short break over the Thanksgiving holiday weekend. We will be returning with hot news for the Monday morning after Thanksgiving. But, in the meantime, we will be offering extremely useful content for the… Read More >>
Convergex Names Ops and Strategic Planning Head
Convergex Names Ops and Strategic Planning Head New York-based Convergex, an agency-focused brokerage and trading-related services provider, reports that Jason Emerson has been named managing director and head of operations and strategic planning. In this new position, he will be “responsible for overseeing the firm’s global operational initiatives,” according to a statement, which notes also… Read More >>
Deloitte First Big Auditor to Have Female CEO
Cathy Engelbert has been elected to the CEO post at Deloitte, “becoming the first female CEO of a major audit and consulting firm in the US,” according to the company, while Mike Fucci will become chairman of the Deloitte board. Both he and Engelbert will assume their new positions on March 11, 2015. Engelbert, 50,… Read More >>
